<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ALLIED GROUP, INC.'S DECEMBER 31, 1997 FORM 10-K AND IS QUALIFIED IN ITS ENTIRETY BY SUCH FINANCIAL STATEMENTS </LEGEND> <CIK> 0000774624 <NAME> ALLIED GROUP, INC <MULTIPLIER> 1,000 <CURRENCY> US DOLLARS <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-1-1997 <PERIOD-END> DEC-31-1997 <EXCHANGE-RATE> 1 <DEBT-HELD-FOR-SALE> 818,216 <DEBT-CARRYING-VALUE> 0 <DEBT-MARKET-VALUE> 0 <EQUITIES> 79,182 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 908,244 <CASH> 2,168 <RECOVER-REINSURE> 23,906 <DEFERRED-ACQUISITION> 50,695 <TOTAL-ASSETS> 1,201,233 <POLICY-LOSSES> 378,026 <UNEARNED-PREMIUMS> 239,763 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 56,938 <PREFERRED-MANDATORY> 0 <PREFERRED> 37,812 <COMMON> 30,532<F1> <OTHER-SE> 361,740 <TOTAL-LIABILITY-AND-EQUITY> 1,201,233 <PREMIUMS> 547,597 <INVESTMENT-INCOME> 51,124 <INVESTMENT-GAINS> 391 <OTHER-INCOME> 65,570 <BENEFITS> 378,099 <UNDERWRITING-AMORTIZATION> 120,256 <UNDERWRITING-OTHER> 19,177 <INCOME-PRETAX> 91,912 <INCOME-TAX> 25,973 <INCOME-CONTINUING> 65,939 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 65,436 <EPS-PRIMARY> 2.030 <EPS-DILUTED> 2.010 <RESERVE-OPEN> 346,663 <PROVISION-CURRENT> 379,952 <PROVISION-PRIOR> (1,853) <PAYMENTS-CURRENT> 216,920 <PAYMENTS-PRIOR> 147,849 <RESERVE-CLOSE> 359,993 <CUMULATIVE-DEFICIENCY> 1,284 <FN> <F1> The Board of Directors authorized a 3-for-2 stock split issuable November 28, 1997 to shareholders of record on November 14, 1997. </FN>